Year end results
Well I'm happy to say that Joel Huenink Rentals has increased $2,250 per month in passive income in 2009. That is Gross, not net, but I am very happy with it. I have an exciting plan for 2010 to increase about $4000 per month and invest less than HALF of what we did in 2009 to get that, and work a LOT less too. So nearly double the return for half the money. Thats 4X better results if I'm correct.
I also have several other passive income streams incubating right now. One is in game advertising, some is web advertising, and a few other web based money makers I hope work out.
If things work out, by the end of 2010 I will be able to stop working and survive. I don't want to stop working, but the thought of having enough passive income to survive after pursuing it for a couple of years is mind boggling. The idea of financial security nearly in my grasp is very soothing. I worked my ass off for 20 years only to be broke most the time and go bankrupt twice. Working for earned income is the dumbest thing you can do if you don't reinvest it. Working for passive income is smart, provided you don't get over leveraged. There is a fine balance you have to maintain, and I am ramping up my earned income this year, but to me its only to further fuel my investments and increase my cash flow by paying off loans.
Wish me luck everyone. At times I feel invincible, and other times like I'm headed for another bankruptcy, but all in all its just the nature of things. There's vacancies, bad tenants, maintenance and unexpected twists, turns and expenses, but its been a fun ride for the most part. I am excited to work smarter in 2010 and make the most of each second of the day.
Happy new year everyone! See you in 2010!
I also have several other passive income streams incubating right now. One is in game advertising, some is web advertising, and a few other web based money makers I hope work out.
If things work out, by the end of 2010 I will be able to stop working and survive. I don't want to stop working, but the thought of having enough passive income to survive after pursuing it for a couple of years is mind boggling. The idea of financial security nearly in my grasp is very soothing. I worked my ass off for 20 years only to be broke most the time and go bankrupt twice. Working for earned income is the dumbest thing you can do if you don't reinvest it. Working for passive income is smart, provided you don't get over leveraged. There is a fine balance you have to maintain, and I am ramping up my earned income this year, but to me its only to further fuel my investments and increase my cash flow by paying off loans.
Wish me luck everyone. At times I feel invincible, and other times like I'm headed for another bankruptcy, but all in all its just the nature of things. There's vacancies, bad tenants, maintenance and unexpected twists, turns and expenses, but its been a fun ride for the most part. I am excited to work smarter in 2010 and make the most of each second of the day.
Happy new year everyone! See you in 2010!
posted by Joel Huenink at
3:28 AM
1 Comments
